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<blockquote data-quote="Emarald" data-source="post: 30788650" data-attributes="member: 579713"><p>10% machan, man sathi 2,3kata kalin podi research parak damma. kalin tibbe 14% dan 10%. aye ekata income na.</p><p></p><p></p><p></p><p><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":-D" title="Big grin :-D" loading="lazy" data-shortname=":-D" /></p><p></p><p>Godak welawata Peoples Bank check ekak neda enne. Ape gewal gawa aduna kenek innawa.</p><p></p><p>yes.</p><p></p><p><strong>Section 157</strong> of the <strong>Inland Revenue Act (No. 10 of 2006)</strong> mandates that any government institution (or person) paying lottery prizes must <strong>deduct income tax at source</strong> before making payment</p><p>The withholding tax on <strong>lottery prizes over Rs 500,000</strong> is set at <strong>10%</strong>, and it is treated as a <strong>final tax</strong>—meaning no further income tax needs to be filed on these winnings</p><p></p><p></p><p>chatGPT eken ahuwama mehema kiwwe <img class="smilie smilie--emoji" loading="lazy" alt="👇" title="Backhand index pointing down :point_down:" src="https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/1f447.png" data-shortname=":point_down:" /></p><p>Lotteries Ordinance – Lottery Tax Authority (Section 19)</p><ul> <li data-xf-list-type="ul"><strong>Section 19</strong> of the <strong>Lotteries Ordinance (Cap. 57)</strong> grants Parliament the power to pass a <strong>resolution</strong> prescribing a <strong>lottery tax</strong> on the gross proceeds of all licensed lotteries <a href="https://lankalaw.net/wp-content/uploads/2024/03/l57178.pdf?utm_source=chatgpt.com" target="_blank">linkedin.com+6lankalaw.net+6lawnet.gov.lk+6</a>.</li> <li data-xf-list-type="ul">Historically, this has included the <strong>10% withholding tax</strong> currently applied and even a <strong>40% historical rate</strong> imposed on promoters rather than winners .</li> </ul></blockquote><p></p>
[QUOTE="Emarald, post: 30788650, member: 579713"] 10% machan, man sathi 2,3kata kalin podi research parak damma. kalin tibbe 14% dan 10%. aye ekata income na. :-D Godak welawata Peoples Bank check ekak neda enne. Ape gewal gawa aduna kenek innawa. yes. [B]Section 157[/B] of the [B]Inland Revenue Act (No. 10 of 2006)[/B] mandates that any government institution (or person) paying lottery prizes must [B]deduct income tax at source[/B] before making payment The withholding tax on [B]lottery prizes over Rs 500,000[/B] is set at [B]10%[/B], and it is treated as a [B]final tax[/B]—meaning no further income tax needs to be filed on these winnings chatGPT eken ahuwama mehema kiwwe 👇 Lotteries Ordinance – Lottery Tax Authority (Section 19) [LIST] [*][B]Section 19[/B] of the [B]Lotteries Ordinance (Cap. 57)[/B] grants Parliament the power to pass a [B]resolution[/B] prescribing a [B]lottery tax[/B] on the gross proceeds of all licensed lotteries [URL='https://lankalaw.net/wp-content/uploads/2024/03/l57178.pdf?utm_source=chatgpt.com']linkedin.com+6lankalaw.net+6lawnet.gov.lk+6[/URL]. [*]Historically, this has included the [B]10% withholding tax[/B] currently applied and even a [B]40% historical rate[/B] imposed on promoters rather than winners . [/LIST] [/QUOTE]
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